Brent crude has averaged just $94 a barrel since the Iran conflict began, far below JPMorgan’s original $130 call, as global demand destruction and a widening Russian budget gap raise recession warnings.
US deploys a third carrier group as the Iran conflict enters its 8th month; Brent crude jumps 4.37% to $102.31 and Treasury yields hit 24-year highs.
SpintronicsAI Semiconductors signed an MoU with CSIR-CEERI to assess building India’s first indigenous Gallium Nitride chip fabrication facility.
Australia grew 0.4% in the June quarter and 2.1% over the year, official data show, even as rate hikes, inflation and unemployment fuel recession fears.
Micron Technology shares gained after a fiscal Q4 earnings beat; Deutsche Bank, TD Cowen and RBC Capital all raised price targets as high as $1,600.
South Korea’s SEMIFIVE signed a turnkey contract with Mobilint to develop a robotics AI chip under the government-backed K-On-Device AI Semiconductor program.
Brent crude traded at $103.20 and WTI at $89.48 after Trump rejected reports of easing Iran sanctions, as Tehran confirms receiving a US response to its latest ceasefire proposal.
LG Innotek posted USD 8.22 billion in H1 2026 revenue and USD 401.96 million in operating profit, up 24% and 296% year-over-year, driven by semiconductor substrates and physical AI bets.
A worldwide bond sell-off has pushed US yields to 5.2% and UK yields to 5.4%, the highest since before the 2007 financial crisis, as AI-driven corporate borrowing and oil-linked inflation collide.
Micron Technology posted blowout fiscal Q4 2026 results with $54.23 billion in revenue, a $0.15 dividend, and $27.37 billion in annual capex, fueling AI chip demand optimism.
